Saturday, 21st November 2009

 

20 August 2009 - Press Briefing

Buffett foresees damage to dollar from US budget deficit

The purchasing power of the greenback could be harmed by the $1.8 trillion (€1.3 trillion) US budget deficit, Warren Buffett warned on Wednesday in a New York Times piece, even though he admits the domestic economy “appears to be on a slow path to recovery”, according to a report in The Daily Telegraph, London.

Buffett wrote that the “gusher of federal money” injected into the US economy could ultimately stoke inflation and depreciate the dollar.

Read the original

Most Read

  1. Colonel Gaddafi's son buys £10m London property
  2. Comment: Prince William seals the ascent of hedge funds
  3. Lombard Odier hires from Coutts
  4. Citi Private Bank poaches senior Merrill executive
  5. How The Rich Are Different: Recession Hits Investment Psyche

Brummel

Relocation, relocation, relocation

Banks have never been shy of firing staff at the merest whiff of a downturn. First the fat, then the muscle and finally the bone. In the past, cuts have been so deep that firms have found it hard to benefit when the markets rebounded, paying over the odds to restaff at speed. Such wild oscillations in staffing numbers are known as “doing a Merrill”.

Rich Monitor

Diary: Utopia for Yacht Lovers

Looking to get more from your yacht? Why not share it with others?

2nd Floor, Stapleton House, 29-33 Scrutton Street, London, EC2A 4HU

Tel: +44 (0) 20 7309 7788

Company No 3089347